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32 minutes ago, Storm the Field said:

DJIA up 435 on the day. Approaching the warning track of 40K again.

S&P breaches 5600. New ATH of 5633.

Nasdaq breaches both 18500 and 18600. New ATH of 18647.

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  • That's why I'm out. There is no end game, IMO. This has to be fixed outside of the market and I got too nervous about what that entails for retail investors. They will always be last on the list, if o

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  • I'm not a financial advisor. This is not financial advise. I don't work in finance. I do not have a degree in finance. Actually, I have a BA and I'm bad at math past Cal I. I won't apologize for the l

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Lot of profit taking the last half-hour on a huge day

Edited by StassneyHorn

Long USA. Been working for me since started investing in 1987. Keep investing boys. Only game in town. Slow and steady wins the race.

#retired@55

15 hours ago, StassneyHorn said:

GDP number out tomorrow, PCE out Friday. 
 

Could yo-yo. Could kill me.

but tHe bIdEn eCoNomY!!!!!

31 minutes ago, HellesBier said:

but tHe bIdEn eCoNomY!!!!!

ok.  

7 hours ago, HellesBier said:

its just his stick

Who are you even talking about? There’s a forum for politics. This isn’t it. This is like your 50th account here so I know you know that. 

11 minutes ago, B00M said:

Who are you even talking about? There’s a forum for politics. This isn’t it. This is like your 50th account here so I know you know that. 

You don’t know who he directed that towards? Lulz. 

11 hours ago, HellesBier said:

but tHe bIdEn eCoNomY!!!!!

hello Now This, great to have you back

1 hour ago, B00M said:

Who are you even talking about? There’s a forum for politics. This isn’t it. This is like your 50th account here so I know you know that. 

youre clearly a moron. have you not seen his spam posting. idiot.

Mostly yo-yo’d. GDP was strong and Jerome’s hard-on for the PCE metric reaching 2.5 clinches the rate cut IMO. Not sure which way whichever new iteration of HellesBier wants to go with the “bUt ThE bIdEn EcOnOmY” remark. I’ve literally been the smartest man alive on this forum with the best pulse on the economy and I don’t give out compliments that easily.

Just now, BehoId, The Underminer! said:

we're all going to get laid?

obligatory

051dce2e-302f-4898-97fa-150f9be319de_tex

 

obligatory follow up

hell-no.gif

ba6421ec-846b-4393-bbae-7a3051d39bd3_tex

What's the best way to find a four-leaf clover? | HowStuffWorks

14 minutes ago, Incredulity said:

Wtf happened after the open?

Investors realized the anticipated soft landing had missed the target & we are looking at economic downturn/recession with a dode of employment troubles.

Just now, Wally Fairway said:

Investors realized the anticipated soft landing had missed the target & we are looking at economic downturn/recession with a dode of employment troubles.

Sad Its Over GIF by Star Wars

Doesn’t look like a fun few months ahead. No telling what the election will do either. Tread cautiously fellas.

I guess “Bad News” isn’t actually good news anymore.

For those of you who like to day trade on the way down, the first truly big resistance points are 515ish for the fibonacci retracement of the 565 high and 351 low of the SPY and 508ish for the 10% correction. The initial 10% correction bounce in 2022 was one of the biggest just reviewing the notes I made. The initial 20% drop also had a big bounce back in 2022. The last 3 recessions had an average of a 41% drop. The more the merrier as far as I'm concerned as i will be trading at these levels like I always do. 

23 hours ago, Incredulity said:

as an add on.  Guess who is going to get run over by their Costco position.

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Real Life Love GIF by Abbey Luck

image.thumb.png.d67bbf809b2f6cdaab8647fda2694075.png

 

holy shit VIX gonna hit 30 before noon. Its been at like 12 for most of the year.

Edited by UTGrad98
...

image.png.db871a4c3374ca4f5dda226de0d84a7c.png

 

Looks like we bumping up against the 100 day MA right now

Markets doing bad

Edited by UTGrad98
...

Oh no. We are all the way back on the S&P to where it was in mid June! We are all gonna die.

S&P only up 12% for the year now. Just horrible. Markets don’t go straight up ladies.

Long and strong for decades . Namaste.

4bca510da9ad2317bff8130a302c58ae.jpg

This is what happens when you make fun of Jesus at the Olympics. 

17 minutes ago, txduck87 said:

Oh no. We are all the way back on the S&P to where it was in mid June! We are all gonna die.

S&P only up 12% for the year now. Just horrible. Markets don’t go straight up ladies.

Long and strong for decades . Namaste.

4bca510da9ad2317bff8130a302c58ae.jpg

The Big Lebowski Film GIF by The Good Films

 

overreacting is what we do.  Have you ever been on a game thread?

 

19 minutes ago, txduck87 said:

Oh no. We are all the way back on the S&P to where it was in mid June! We are all gonna die.

S&P only up 12% for the year now. Just horrible. Markets don’t go straight up ladies.

Long and strong for decades . Namaste.

4bca510da9ad2317bff8130a302c58ae.jpg

I see a beautiful setup for H&S pattern there.   That’s what’s disturbing 

I see a beautiful setup for H&S pattern there.   That’s what’s disturbing 

Short term swings are unnerving to be sure. All I know is trying to time the market requires you to be right twice (when to sell and when to buy). I know I’m not that smart and most others aren’t either. I made my share of mistakes in my 20s and 30s but then FINALLY realized you ain’t gonna beat the market over a long period of time. Boring but ultimately pays off.

#retired@55
48 minutes ago, txduck87 said:


Short term swings are unnerving to be sure. All I know is trying to time the market requires you to be right twice (when to sell and when to buy). I know I’m not that smart and most others aren’t either. I made my share of mistakes in my 20s and 30s but then FINALLY realized you ain’t gonna beat the market over a long period of time. Boring but ultimately pays off.

#retired@55

No doubt.  Moreso saying it can get back to that 2021 peak a lot faster than it took to get from the '22 low to current levels.  Stairs up, elevators down.  

3 hours ago, Trey3216 said:

Berkshire sold basically half their stake in AAPL.  DAMN 

I beat Warren to the punch 1 month ahead 😤

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